turnaround

Reference the sample contract between “C Transportation Co.” and “FCO International Logistics.” 

Answer the following questions.

1. What is being purchased?
2. Who is the buyer?
3. Who is the supplier?
4. What is the currency to be paid by the buyer?
5. In what language is the contract to be interpreted with legal effect?
6. What is the freight origin and destination?
7. What price will be paid?
8. What is the period of performance?
9. Which country’s law governs the contract?
10. Can FCO subcontract any of the work?
11. Which party pays for customs duty and value-added taxes?
12. What is the date of the effective contract?
13. Can the buyer terminate the contract for convenience?
14. Which party will generate the bill of lading/air waybill/ railway bill?
15. What are the liquidated damages for non-payment?
16. What is the supplier’s limitation of liability (dollars and time) if a delivery delay is the supplier’s fault?
17. What is the mode of transportation?
18. What is being transported? 
19. What is the quantity being transported?
20. Through what country will the freight transit (excluding the countries of origin and destination)?